Power Metal Resources plc has been granted a two-year extension to prospecting licences PL310/2016 and PL311/2016 at the Molopo Farms Complex, southwest Botswana. OWNERSHIP Power Metal holds a 40% direct interest in the project and a 20.65% shareholding in Kalahari Key Mineral Exploration Pty Ltd (KKME), which holds the remaining 60% interest. Kavango Resources plc currently has an option to acquire […]
Day: 15 November 2024
Predator issues CPR and looks to monetise Guercif
Predator Oil & Gas Holdings plc said it would open options to monetise its Guercif interests onshore Morocco following an independent valuation of contingent gas resources. LICENCES The Guercif licence comprises exploration permits I, II, III and IV covering 7,269 km². The competent persons report (CPR) by SLR Consulting (Ireland) Ltd was for the Guercif […]
United begins production at Al Jahraa-13
United Oil & Gas plc announced the start of production following successful test results from the Al Jahraa-13 development well in the Abu Sennan licence, onshore Egypt. RESULTS Kuwait Energy Egypt operates the licence in which United holds a 22% working interest. The well tested with flow rates of 897 bopd and 0.95 mmscf/d gas […]